"Analysoor" Exploring Crypto Minting: Risks, Rewards, and Unpredictable Outcomes

Hdzi...1x88

31 Dec 2023

The Thin Line Between Risk and Reward in Crypto Minting: A Chance of 2% to 10%

Participating in a crypto minting process always involves excitement and uncertainty. Would you risk your money for a mint with only a 2% to 10% chance of winning? This is the fundamental question posed by the Analysor project's innovative minting model on the Solana network. In an environment where chance plays such a significant role, we must reconsider what a "fair" launch means. Analysor's "ZERO", "ONE", and "WHEN" launches demonstrate how innovation and risk are intertwined in the crypto sector. This article will delve into the details of these three unique launches, the community's reaction, and their extensive impact on the world of crypto.

First Launch: $ZERO

The "Analysor ZERO" launch offered a unique minting experience in the Solana network, making a remarkable entry into the crypto world. This launch was in the format of an auction war covering 10,500 blocks, with an average of 10.5 mint attempts per block. The chance of winning a block for participants was approximately 9.5%, highlighting the competitive and chance-based nature of the process. Throughout the launch, which lasted a total of 1 hour and 30 minutes, the demand remained relatively stable. A notable aspect of "Analysor ZERO" was that the minting process was not based on being the first to mint. Instead, it was about waiting for the supply to unlock at each block, meaning rushing at the start actually reduced the chances of a valid mint. A total of 4,914 addresses participated in this event, with more than half securing at least one valid mint. This launch generated a total revenue of $640,000, all of which was added as SOL-ZERO liquidity to Meteora.

Each successful mint in the launch rewarded participants with 1,000 ZERO coins. This presented a significant earning potential for investors, especially considering that the ZERO coin reached an all-time high (ATH) of $3.2. It showed both the interest of investors and the substantial financial gains they could achieve. The competitive nature of the minting process and the initial investment of approximately $60 for a mint reflect the risk taken by investors in ZERO coins.

Second Launch: ONE NFT

The "ONE" NFT collection achieved a financial success with a total revenue of $1.9 million. This revenue was used for bidding on NFTs in marketplaces. Bids for each NFT started from 2.6 Solana, and in the market, they rose above 10 Solana, indicating high demand and valuation for the NFTs. Currently, these NFTs are trading at around 4 Solana, reflecting market fluctuations and the changing value of NFTs over time.

The launch was characterized by 536,136 mint attempts from 25,000 unique addresses, indicating high interest and wide participation. The chance of success per mint was set at 2%, and the mint fee was 0.05 Solana. $100,000 of the collected money was allocated for artistic development of the NFTs.

Final Launch: $WHEN

The $WHEN launch started on December 26 at a price of 0.05 Solana and 1 ZERO (totaling approximately $8), with a total of 3,000 packages available. Each package winner received 672,000 WHEN coins, which could be sold for approximately $1,250-$1,500 following the launch. Currently (as of December 30, 2023), the value is about $600 per package.
$WHEN memecoin's tokenomics included a supply of 4.2 billion tokens. 48% of this supply was allocated for public minting, and another 48% was added with the collected SOL fees to an AMM pool, the liquidity provider (LP) tokens of which were locked for two years. During the minting process, 3% of the supply was distributed as a gift to ONE coin holders within three days of the mint, and 1% was vested over a year to four ambassadors within the community through a 3/4 multi-signature wallet.

Of the 8,500 addresses that participated in this launch, approximately 20.5% (1,756 addresses) were successful, with a success rate of 3.2% per attempt.

My Experience and Opinion

As someone who noticed the Analysor project early and participated in all three launches, I want to share my experiences. The success I achieved in the project and the challenges I faced clearly highlight the balance of risk and opportunity in the world of crypto.
ZERO Coin Experience:
In the "ZERO" coin launch, I made three successful mints out of 20 attempts (totaling 1.6 Solana) and earned 3,000 ZERO coins. I sold these coins at $0.2 each, earning a total of 8 Solana. This was a satisfactory result for the risk I initially took.
ONE NFT Launch:
For the "ONE" NFT launch, anticipating a high number of participants, I decided to reduce the risk by partnering with a friend. From a total of 70 attempts (3.5 Solana), we successfully minted three times, selling one NFT for 8 Solana and making a profit on top of all costs. We decided to keep the remaining NFTs.
WHEN Coin Launch:
The "WHEN" launch was highly competitive due to the limited number of packages and high number of participants. I won a package on my second attempt and, after 20 more attempts, ended up with 672,000 WHEN coins. Though the package's value could have reached $1,250, I chose not to sell; it is now worth about $700. The cost for this package was approximately 1 Sol + 20 ZERO (totaling $150).
General Assessment:
These experiences strengthen the "gambling" perception in the crypto market. Many people around me often compare the crypto world to gambling. I typically defend the crypto market, explaining that web3 isn't just about trading but also about investment and innovations. However, the block-by-block mint strategy of the "Analysor" project turned into a sort of gamble for participants. The project announced it would not create other coins or NFTs but would continue to introduce innovations. If they launch a new coin, I would participate again within my set risk limits, despite opposing the gambling mentality.
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